London, Mar 16 (ANI): A former Tesco employee has become Britain’s first eBay millionaire.
Mark Radcliffe has made the fortune by selling electrical gadgets like iPod holders and remote control toys for less than 15 pounds.
Radcliffe was 21 when he started his business, First2Save, from his back bedroom in his spare time.
Ten years later, he owns a Ferrari sports car, and has an annual turnover of more than three million pounds, which makes him the first ever eBay millionaire.
Radcliffe began by selling items like mobile phone accessories and computer cables, and now vends a range of 3,700 items.
He has also employed a staff of 19 people, and operates from a 10,000 sq ft warehouse.
“We keep focussed on popular consumables. Our biggest sellers are all items with a value of less than 15 pounds – accessories for iPod’s and mobile phones, gadgets, and electronic toys – low value goods with a high volume and decent profit margin,” the Telegraph quoted Radcliffe as saying.
“When I started I was very young with no commitments, and no real financial backing, so I had to buy small products that I could buy in cheaply and sell quickly.
“I started selling mobile phone accessories in 1999 from my own website. Then eBay came along and that gave me the opportunity to reach a much wider customer-base.
“I’m constantly re-investing the money back into the business, so we can continue to grow.
“Without wanting to sound over-confident there is every chance that we can become the number one eBay seller in the world in the next 2 years,” he added.
He now plans to move into premises three times bigger, and increase his staff to 34.
He also wants to become the world’s biggest eBay trader by selling 50,000 items per month. (ANI)